KLCI closed mixed on Thursday while precisely resisted by the 950 Fibonacci Retracement. Therefore 950 Fibonacci Retracement remained as the immediate resistance for the KLCI and the next resistance would be at the break-away gap at 957 level. Mean while, the 14, 21, 31 EMA were still rising and continued serving as the dynamic support to the KLCI. (Study A)

As for the closing on Thursday, Stochastic remained above the short-term bullish region, suggested that the market sentiment for the short-term remained bullish bias. (Study B)

WinChart RSI displayed a class A bearish divergence signal, suggested that the KLCI is likely to have a technical correction. If the WinChart RSI could not break above the descending line, the technical correction shall continue. Cancellation of the divergence signal will take place when WinChart RSI breach above the descending line. (Study C)

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